Tokenomics MMG Europe and Tokenomics MMG UK both operate under and comply with the Markets in Financial Instruments Directive (MiFID).
In Australia, financial services and products are provided by Tokenomics MMG AUS Capital Limited (“Tokenomics MMG Australia”) ABN 99 677 432 655. Tokenomics MMG Australia is the holder of an Australian Financial Services Licence (AFSL), number 491139 issued by the Australian Securities and Investments Commission (ASIC). Subject to the financial product you select, Tokenomics MMG Australia may act either as principal and thus issuer of the financial product or alternatively act as your agent.
Tokenomics MMG and Brokers
The Terms and Conditions you agreed on upon registration stipulated which entity and regulation is applicable to you. MiFID (Markets in Financial Instruments Directive) is a European Union law, which provides a harmonized regulatory regime for investment services across the European Economic Area. The main objectives of the Directive are to increase competition and client protection in investment services. The activities and services of both Tokenomics MMG UK and Tokenomics MMG Europe comply with MiFID requirements. All documentation and procedures are consistent with MiFID rules.
Copy Trading
CopyTrading™ is a feature which allows you to instruct us to automatically generate an order for your account based on your choice of trades executed by another Tokenomics MMG user (the “Lead Trader”). The CopyTrading™ feature is provided to you by Tokenomics MMG Europe (and arranged for you by your local Tokenomics MMG licensed provider if that local provider is not Tokenomics MMG Europe). Before you can use the CopyTrading™ feature, Tokenomics MMG Europe will assess its suitability for you based on information which you provide. This may lead to limitations on your CopyTrading™ activities or to blocking them altogether. Access to CopyTrading™ under any conditions is not an assurance or representation that any Tokenomics MMG entity has advised you that it is suitable for you, nor do we approve or endorse any of the Lead Traders you may choose to copy.
USA License
Tokenomics MMG USA LLC is registered with FinCEN as a Money Services Business.Tokenomics MMG USA Securities Inc is a member of FINRA (www.finra.org) and SIPC (www.SIPC.org).
Both the UK and Cyprus have enacted the appropriate legislation and taken effective regulatory and other measures by putting in place suitable mechanisms for the prevention and suppression of money laundering, terrorist financing activities, and financial crime. Moreover, both countries are committed to apply all the requirements of international treaties and standards in this area and, specifically, those deriving from the European Union Directives. UK and Cyprus legislation has been harmonized with the Third European Union Directive on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing (Directive 2005/60/ΕC). As regulated firms, Tokenomics MMG Europe and Tokenomics MMG UK are both committed to follow the relevant regulations and to ensure that appropriate measures are taken to combat money laundering, terrorist financing activities, and financial crime.
In accordance with the applicable regulations, both Tokenomics MMG Europe and Tokenomics MMG UK need to have own funds, which are at all times satisfy the minimum capital adequacy ratios of the European Capital Requirements Regulation. An investment firm must have in place sound, effective and complete strategies and processes to assess and maintain on an ongoing basis the amounts, types and distribution of internal capital that they consider adequate to cover the nature and level of the risks to which they might be exposed. These strategies and processes are subject to regular internal review, to ensure that they remain comprehensive and proportionate to the nature, scale and complexity of the activities of the Firm.
Tokenomics MMG website is insured and secured by idAuthority with Positive SSL, US Patent Number 7603699 showing high level of data and financial security. Click the below trust logo to view.
We keep our clients’ funds and assets in segregated accounts, such that the clients’ funds and assets will be separated from our own assets. Such separation of accounts is being supervised both internally and externally. We operate only with reputable payment institutions and payment providers.
Client Categorization
The Markets in Financial Instruments Directive (MiFID) requires the categorization of clients as Retail Clients, Professional Clients or Eligible Counter Parties. Tokenomics MMG Europe and Tokenomics MMG UK categorize all clients as Retail Clients when opening a trading account, which have the highest level of protection (such as eligibility to the Investor Compensation Fund, Best Execution, and Safeguarding Clients Assets etc). Clients are allowed to request to be reclassified, in writing to Tokenomics MMG Europe/Tokenomics MMG UK, as applicable, who may recategorize you according to the specifications, conditions, and procedures of MiFID. “Retail Client” is a client who is not a professional client or an eligible counter party. Eligible Counter party is a professional client or legal entity who provides investment services that involve the reception and transmission or the execution of orders. Clients under this category have the lowest level of protection. Professional Client is a client who possesses the experience, knowledge and expertise to make their own investment decisions and properly assess the risks that they incur and must comply with the following criteria: Α. Categories of clients who may be considered to be professionals, B.Clients who may be treated as professionals on request.
Entities which are required to be authorized or regulated to operate in the financial markets: Credit institutions,Registered Investment Firms,Other authorized or regulated financial institutions,Insurance undertakings,Collective investment schemes and management companies of such schemes,Pension funds and management companies of such funds,Commodity and commodity derivatives dealers,Other institutional investors.
1. Large undertakings meeting two of the following size requirements, on a proportional basis: balance sheet total at least: 20,000,000 euro. Net turnover at least: 40,000,000 euro.
2. National and regional governments, public bodies that manage public debt, central banks, international and supranational institutions such as the World Bank, the Internal Monetary Fund, the European Central Bank, the European Investment Bank and other similar international organizations.
Clients other than those mentioned above, including public sector bodies and private individual investors, may also be allowed to waive some of the protections afforded by the conduct of business rules of Tokenomics MMG Europe/Tokenomics MMG UK, as applicable. Both Tokenomics MMG Europe and Tokenomics MMG UK are therefore allowed to treat any of the above clients as professionals provided the relevant criteria and procedures are fulfilled. Such as that the client is capable of making his own investment decisions and understanding the risks involved (fitness test). The company reserves the right to decline any of the above requests for different categorization Requests.